Rentomojo IPO
Rentomojo IPO — Quick Take I went through the RHP. Here’s my simple view: Business: Furniture, appliances & electronics on monthly subscription/rental. FY26: * Revenue: →₹387 Cr * PAT: →₹104 Cr * 2.53 lakh live subscribers * 29 cities Financials: Strong improvement. Revenue almost doubled from FY24, while PAT grew much faster — showing better profitability. IPO: →₹1,256 Cr * Fresh Issue: →₹150 Cr * OFS: →₹1,106 Cr * ₹70 Cr → Debt repayment * ₹42.5 Cr → Lease payments Key Concerns: * Asset-heavy business * Debt & lease liabilities * Promoter-related NCLT dispute * Large OFS component Valuation: At ₹404, market cap ~₹4,000 Cr → P/E ~38x. My View Business: Good Financials: Strong Governance: Watch Valuation: Expensive Good business, but not a cheap IPO. The key question is not Is Rentomojo a good company? It is "How much should we pay for its growth?" For educational/research purposes only, not an investment recommendation.